Market regulator Sebi is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group’s three listed firms by two lenders, senior officials said on Monday.

Reliance General Insurance, part of Anil Ambani-led Reliance Group, has filed fresh papers with the Sebi to float an initial share-sale after the regulatory approval for its IPO lapsed in November, market sources said on Monday.

Market regulator Sebi is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group’s three listed firms by two lenders, senior officials said today.

The government is in talks with market regulator Securities and Exchange Board of India (Sebi) on steps to make credit rating agencies more accountable for the ratings they endorse, according to a senior government official.

To make REITs and InvITs more attractive, markets regulator Sebi on Friday came out with a new set of proposals to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors.

Capital markets regulator Sebi has issued a show cause notice to textiles major Raymond citing several violations of the securities market. The Securities and Exchange Board of India (Sebi) has alleged that Raymond failed to obtain necessary approvals for related-party transactions

After the markets opened for trade today, shares of Sun Pharmaceutical Industries Ltd. sunk by more than 12% to around Rs. 370 a piece. The sudden knee jerk reaction was seen after reports of whistleblower complaints to the Securities and Exchange Board of India (SEBI) resurfaced.

About Free Press Journal

The Free Press Journal is one of the oldest English Daily newspapers from Mumbai with a heritage of more than 88 years. And yet, The Free Press Journal is a contemporary paper and rooted in current urban realities.